Friday, 25 August 2017

Daily Update On Current Affairs - August 25, 2017

Current Affairs

Here's your daily summary of Current Affairs.

SC declares right to privacy as Fundamental right 

In a landmark decision, the Supreme Court on the 24th August 2017 declared the right to privacy a fundamental right under the Constitution. A nine judge constitution bench headed by Chief Justice JS Khehar ruled that right to privacy is an intrinsic part of the Right to Life and Personal Liberty under Article 21 and entire Part III of the Constitution. The bench unanimously overruled the two earlier judgments of the apex court that the right to privacy is not protected under the Constitution. Several petitioners had challenged the validity of the Aadhaar scheme on grounds of it being violative of the right to privacy.

National Sports Museum to be set up in Delhi

The Ministry of Sports and Youth Affairs is soon setting up a Sports Museum in Delhi, the first of its kind in the country. It will be set up at the Jawaharlal Nehru Stadium. India’s achievements in various sports focusing on traditional sports of the country will be show cased in the Museum. It is intended to popularize sports as a way of life amongst the younger generation of citizens in our country 

Liquor sale ban does not extend to municipal areas: SC

The Supreme Court has clarified that its nationwide ban on the sale of liquor within a distance of 500 meters along National and State Highways does not extend to municipal areas. The court, in an order dated July 11 which was uploaded on the Supreme Court website on Wednesday, clarified that the 500-metre ban does not prohibit licensed establishments within municipal areas. The court explained that the ban enforced on the 15th December 2016 on liquor sale only extends along and in proximity to highways which provide connectivity between cities, towns, and villages

Qatar restores full diplomatic relations with Iran, disregarding the demands of Arab nations

Qatar has restored full diplomatic relations with Iran, disregarding the demands of Arab nations to lessen its ties with Tehran. Qatar's Foreign Ministry announced on the 24th August that country's ambassador would return to Tehran. A Foreign Ministry statement said the state of Qatar expresses its aspiration to strengthen bilateral relations with the Islamic Republic of Iran in all fields. Qatar had pulled out its ambassador in early 2016 after Saudi Arabia's execution of a prominent Shiite cleric sparked attacks on two Saudi diplomatic posts in Iran, a move to show solidarity with the kingdom. 

Canada allows entry of Indian pomegranates, banana and okra

For the first time, Canada has allowed import of Indian pomegranate, banana, okra and custard apple from India. However, they have imposed certain conditions: The consignment should be free from soil, pests, leaves and other plant debris. The origin of the material must also be clearly mentioned on the shipping documents.

Pakistan rejects US Comments

Pakistan on 23rd August rejected the comments made by U.S. President Donald Trump about its counterterror approach. A statement issued by the National Security Committee after a five-hour meeting said, “Scapegoating Pakistan will not help in stabilizing Afghanistan”. The meeting was headed by Prime Minister Shahid Khaqan Abbasi. President Trump had earlier said that Pakistan was providing safe havens to terrorists. The Committee stressed that India cannot be a net security provider in South Asia as it has conflictual relationships with its neighbours and is “pursuing a policy of destabilising Pakistan from the east and the west”. 

5% GST applicable on selling of space for advertisement in print media: Centre

The government has clarified that five percent GST is applicable on selling of space for advertisement in print media if an agency buys space from the newspaper and sells the same to clients on its own account. However, the GST rate will be 18 percent of the sale commission, if the agency works as an agent of the newspaper on commission basis. The Finance Ministry said 18 percent GST will be liable if the advertisement agency supplies any service other than the selling of space for advertisement and such supply is not a part of any composite supply. The Ministry said in case, such supplies are part of any composite supply, the rate applicable will be 5 percent.

Asia Index launches S&P BSE Bharath 22 Index

Asia Index (P) has launched the S&P BSE Bharath 22 Index. The index is used to track the share price of the public sector companies in which the Centre has divested its investments. It consists of select 22 blue chip companies, out of which 16 are Central Public Sector Undertakings, 3 are from the Specified Undertakings of the Unit Trust of India and the remaining 3 are PSU Banks, all listed on the BSE. 

Nandan Nilekani back as Chairman of Infosys

Nandan Nilekani, the 62-year-old co-founder of India’s second-largest software services exporter, returned to the Infosys board after an 8-year hiatus on the 23rd August 2017 as the firm’s chairman, a move that investors expect would help end a bitter stand-off between founder N. R. Narayana Murthy and the company’s board. In an announcement, the Bengaluru-based company said that the board had unanimously approved Mr. Nilekani’s appointment as the non-executive chairman of the board “effective immediately.”

India grants patent license to Pfizer for its pneumonia drug

The American pharma major Pfizer has been granted the patent license by the Indian Govt for its pneumonia fighting vaccine Prevenar 13. The vaccine reportedly helps the occurrence of pneumonia, especially amongst children. The patent is valid in India till 2026. Currently, Prevenar 13 is priced at Rs 3800 per dose. A child will require three such doses.

Indian student develops Nano missiles for Indian Army

A student of SRM University in Chennai has developed a Nano missile for the Indian Army. The missile developed by D.P. Rohit was tested on the 21st August 2017 and it entered the World Records of India. The missile has been developed to enable the Army and the local police to fight terrorism. The 1 cm missile can be launched with the help of a robot. It can fly by burning the red phosphorous and hit any target within a distance of 3 meters.

Forbes’ list of highest paid actors in the world

As per the latest list released by Forbes, Mark Wahlberg is the highest paid actor in the world for 2017. He earned an estimated $ 68 million in 2017. Last year’s topper Dwayne Johnson was the second in the list, with earnings of 65 million. Three actors from India – Shah Rukh Khan (38 m), Salman Khan (37 m) and Akshay Kumar (35.5 m) were placed 8th, 9th and 10th positions respectively.

Qatar Airways enters into interline partnership with Vistara

Qatar Airways has entered into an interline partnership with Indian carrier Vistara, by which customers will be provided with through check-in facility for seamless travel. This is effective from 22nd August 2017. Passengers of both the airlines can travel seamlessly in the domestic sector of Vistara and the global network of Qatar Airways.

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